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China will encourage listing of leading futures firms, to issue futures law

China will help leading futures companies to speed up their development and encourage qualified firms to be listed, the China Futures Association said in a statement, citing an official from the securities regulator. Authorities would support futures companies to widen and diversify their financing channels and allow them to compete with overseas players, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, told an industry conference on Sunday, according to the statement. Leading futures firms should “make due contributions” to ensure China’s energy and mineral security, Fang said.

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